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agreement. g) Member has misrepresented information or provided a false document to the Credit Union. h) Member has destroyed Credit Union property, threatened employees, or caused a disruption at the Credit Union. 2. Attend all regular, committee, and special meetings of the Board of Directors and all required educational and planning programs each year. The time commitment varies 6-10 hours each month. 3. Be committed to learning about the Credit Union, its services, laws, and regulations that govern it, and the responsibilities of a Board member. 4. Possess the ability to take and handle criticism for making necessary but unpopular decisions. 5. Have an open mind, the ability to use sound judgment, a willingness to accept responsibility, and the ability to make group decisions with colleague Board members. 6. Have experience in an aspect of finance and/or leadership dynamics. Disclosures: 1. It is important that potential candidates understand that there is a risk of liability associated with acting as a Credit Union officer or director. The risk also involves a potential personal liability that could include recovery from the directors themselves (personally) rather than or in addition to the liability of the Credit Union. The Credit Union carries Bond and Insurance to protect the Board in the case a matter of liability arises; and may also enter into indemnification agreements. However, there are some circumstances under applicable laws where such coverages may not be sufficient or unavailable, such as where a Board Member commits a criminal act. It is recommended that an applicant consult with such persons as he or she feels appropriate to further assess this consideration. 2. It is the intent of the Credit Union to do a credit check on all potential candidates; obtain and/or furnish information concerning your credit affairs to any association, firm, corporation or personnel office; check your employment and credit history; and to obtain credit reports in connection with this application. This may also include criminal and other background checks/investigations. 3. All application information is confidential and will stay at the Credit Union. If you request, the Credit Union will tell you the name and address of any credit bureau from which it received a credit report on you. 4. If you are selected as a candidate, you will be required to attend a formal interview with the Board and/or the Nominating Committee. FULL NAME (First / Middle/ Last): HOME ADDRESS: SOCIAL SECURITY NUMBER: WORK NUMBER: CELL NUMBER: HOME NUMBER: EMAIL: Copyright©1994-2010 by Credit Union Resources & Educational Services, LLC. All rights reserved. Revised February 2010 8
Please answer the following questions in the spaces provided (attach additional sheets, if necessary): 1. Why do you want to serve as a member of the Board of Directors of the Credit Union? 2. Have you ever been a member of a Board or governing body of any organization? 3. What do you see as your responsibilities as a member of the Credit Union’s Board of Directors? 4. What expertise and skills do you have that are related to a financial institution? How do you see these skills being of value to the Board's activities and responsibilities? 5. Describe your present job. Is there a potential conflict of interest with the confidential aspects of the Credit Union and your job and other activities in which you may be involved? Explain. Pleaser Deliver this Application To: INSERT NAME OF CREDIT UNION NOMINATING COMMITTEE INSERT ADDRESS By: INSERT DATE SIGNATURES, CONSENTS AND AGREEMENTS: By signing below I agree to fully comply with all laws, rules, regulations and the Credit Union’s Bylaws, as may be amended from time to time. I certify all information provided is true and correct. I consent that the Credit Union or its Board and/or Committees may undertake to verify information provided; and I authorize the Credit Union to obtain information concerning my credit history, including any credit reports and all other investigations noted in this application or otherwise as deemed appropriate by the Credit Union and/or its Board/Nominating Committee. I agree that if elected I may be removed from the Board or any Committee by a majority vote of the Board if the Board determines in its sole discretion that: (1) I have a conflict of interest in serving as a Board Member, for any reason whatsoever (and that the merest appearance of any conflict or impropriety is the standard that shall apply in such determinations); (2) I fail to perform my duties pursuant to the Credit Union’s Bylaws; (3) I do not in all respects comply with all laws, rules, regulations and governmental requirements; or (4) if the Board determines such action to Copyright©1994-2010 by Credit Union Resources & Educational Services, LLC. All rights reserved. Revised February 2010 9
Page 1 and 2: Compliance Update - I REGULATORY AN
Page 3 and 4: Introductory Notes: Basic Obligatio
Page 5 and 6: performed by boards of directors. T
Page 7: What if an applicant “volunteers
Page 11 and 12: MULTIPLE ISSUES AND RESOURCES - SOM
Page 13 and 14: • Review of the negative shares r
Page 15 and 16: illustrates how certain provisions
Page 17 and 18: SAMPLE CREDIT UNION BUSINESS PLAN M
Page 19 and 20: EMPLOYMENT AGREEMENT Revise to addr
Page 21 and 22: 13. Evaluate the job performance of
Page 23 and 24: 2. By Employer For No Cause. Employ
Page 25 and 26: Vendor Due Diligence II Security As
Page 27 and 28: Vendor Due Diligence VII TERM AND T
Page 29 and 30: Vendor Due Diligence XII Backgroun
Page 31 and 32: Monitoring the Vendor At a minimum,
Page 33 and 34: NOTE: The BSA also contains a “wh
Page 35 and 36: (5) Confidentiality of reports. SAR
Page 37 and 38: PRIVACY - INFORMATION SECURITY Priv
Page 39 and 40: Disposal of Consumer Reports and Ot
Page 41 and 42: Compliance Update - II REGULATORY A
Page 43 and 44: Introductory Notes: Knowing if you
Page 45 and 46: I. POLICY AND GUIDELINES Portions O
Page 47 and 48: any CUSO. [Gifts may not be accepte
Page 49 and 50: Conference and Seminar Costs Fees f
Page 51 and 52: We have stated that there must be a
Page 53 and 54: IV. POLICY REGARDING CONFLICTS OF I
Page 55 and 56: public, even though, such relatives
Page 57 and 58: and other relatives who live in the
Page 59 and 60:
protection, and the reimbursement o
Page 61 and 62:
Legal / Compliance Consultation Not
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MERGER AND CONSOLIDATIONS ISSUES NO
Page 65 and 66:
information of which unauthorized d
Page 67 and 68:
A Review of ‘Red Flags’ and wha
Page 69 and 70:
Business Depositors: Understanding
Page 71 and 72:
WHAT POLICIES, PROCEDURES AND RISK
Page 73 and 74:
16. Conflict of Interest/Code of Et
Page 75 and 76:
Union Assessment 33. Identity Theft
Page 77 and 78:
Procedures 60. Training Policy See
Page 79 and 80:
Also - consider the other changes c
Page 81 and 82:
policies, procedures and documents
Page 83 and 84:
Underwriting Advertising In July 20
Page 85 and 86:
135-2009 Community Notice // OE/CE
Page 87 and 88:
Credit Union’s lien right are not
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